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Gafisa S.A. Message Board

weaz8 4 posts  |  Last Activity: Jul 10, 2014 9:40 AM Member since: Jun 6, 2000
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  • Reply to

    bummer

    by weaz8 Jul 10, 2014 9:19 AM
    weaz8 weaz8 Jul 10, 2014 9:40 AM Flag

    looks like you are wrong...heavy selling

  • weaz8 by weaz8 Jul 10, 2014 9:19 AM Flag

    With today's gold price increase, we would have been flying higher today. Instead, we get bad operational news.

    I expect commissioning a plant to be a bumpy road. Let's face it, unforeseen problems occur. I can handle (and even expect) occasional setbacks. HOWEVER, a couple things concern me...First, management isn't taking responsibility for the setback. They are trying to blame the problems on previous management. It reminds me of Obama and his supporters continually blaming George W Bush for everything that's going wrong with the country. Obama has been president for 6 years, when will he accept responsibility? The current management isn't any different. They should have recognized the problem when they took over and moved to fix it. It appears that they have finally recognize the problem and are taking steps to fix it...
    Second, if you read between the lines, mgmt. is hinting at dilution to finance this fix. What would a 20 million dollar dilution do to the current share price?

    On a goo note, Gold is up big time today...

  • I'm still long but getting frustrated. I know we have to "wait it out" for the met coal glut to disappear but the recent rally in wlt had me feeling better. Now it looks like the "mini rally" has reversed...frustrating.

  • weaz8 by weaz8 Jun 24, 2014 6:32 PM Flag

    Monday they will announce that the blue proxy won (mgmt is retained) . It's also likely they supplement the news with additional good news. Stock should rise to .70 on any announcement.

GFA
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